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Dec 30, 2023
Cohu Q4 2023 Earnings Report
Reported fourth quarter results in line with guidance, with strong gross margin and profitability.
Key Takeaways
Cohu reported Q4 2023 revenue of $137.2 million and a GAAP loss of $2.0 million, or $0.04 per share. Non-GAAP income for the quarter was $11.1 million, or $0.23 per share. The company launched AI inspection software and opened a new factory in the Philippines.
Fourth quarter results were in-line or better than guidance with strong gross margin and profitability.
Launched AI inspection software with two customers.
Opened new factory in the Philippines which is ramping manufacturing of test contactors.
Achieved recurring revenue of $310 million over the last twelve months with a 3-year compound growth rate of 5%.
Forward Guidance
Cohu expects first quarter 2024 sales to be in a range of $107 million +/- $6 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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